In the table above, you can see the transaction history of the BingX exploit, listed in ascending order. This means the first page contains the earliest transactions, which are also the most crucial.
The first transaction is in row 1, showing the moment when the tokens were transferred from BingX’s hot wallet to the hacker’s first wallet. After that, the hacker moved the tokens to a second wallet and liquidated everything within approximately 30 minutes (from 02:22:31 to 02:51:17). To fully understand what happened, follow the transactions from row 1 to 55.
The names of each address were identified using Arkham Intelligence tools.
On the left, you can see the most frequently used platforms for selling tokens.
While it's difficult to identify all the platforms used, Uniswap and 1inch were the primary ones. Below is a list of addresses and their corresponding platforms, ordered by volume:
'0xf8bb13359c402f399b152ca5df7a8b00ec2a6dee': Uniswap
'0xe37e799d5077682fa0a244d46e5649f71457bd09': 1inch
'0xa9048585166f4f7c4589ade19567bb538035ed36': MEV Bot
'0xad3b67bca8935cb510c8d18bd45f0b94f54a968f': 1inch
'0xc1b19a08c2798c6930b8f3a44b7b0d08f4e198b8': Unknown
Note that just because these addresses were involved in the swap process doesn't mean the hacker used those specific platforms. Smart contracts can interact with multiple platforms, which explains the presence of entries like "MEV Bot" or "Unknown."
All names were collected using Arkham Intelligence.
On the left, you can see the token's average price for on-chain transactions. Please note that this price does not include CEX prices, as the hacker only traded the tokens using DEXs.
Remember the first swap from the Exploit History table at the top of this page, which occurred at 02:22:31?
The impact on the price is clearly visible in the graph on the left, starting right after that time. Interesting, right?
This analysis is divided into two main sections:
The BingX exploit and its impact on the AgentLayer project.
The analysis of token holders, stakers, and node operators.
Even if you're not familiar with AgentLayer, the insights you'll find here will be highly useful. Web3 offers countless opportunities, but it also comes with significant risks. If you're the kind of degen who loves investing in low market cap coins, you'll gain valuable knowledge about projects like this one.
But wait, the exploit occurred on BingX—so how did it impact AgentLayer if the project wasn't directly attacked? Let’s dive in and investigate. Use the tabs above to explore further.